161 Driftwood LnNewburghIN47630
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Newburgh at 161 Driftwood Ln, Newburgh, IN, 47630 priced at $749,000 pairs $3,803/mo rent with after a $3,666/mo payment. Total monthly income equals $3,803/mo. Return on cash invested is 16.68% in year one, and rental yield stands at 6.09% on a $749,000 basis. Equity gained on principal adds $4,833/yr, and 5% annual appreciation accumulates to $206,935 by year five. Five-year ROI measures 85.27% and total cumulative return in cash reaches $210,112. For financing, Ziffy Mortgage’s DSCR program evaluates $3,803/mo property income against a $3,666/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47630, Newburgh, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,362 (100%) |
| Owner Occupied HU | 12,157 (74.3%) |
| Renter Occupied HU | 3,410 (20.8%) |
| Vacant Housing Units | 795 ( 4.9%) |
| Median Home Value | $296,151 |
| Average Home Value | $354,173 |
Housing Distribution
Address Breakdown
Residential
16,355
Single Family
16,047
Multi-Family
308
Businesses
675
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices